International Seaways (NYSE:INSW)
Stock data as of
Open: Tue April 13, 2021 12:00 AM
About International Seaways
International Seaways, Inc. engages in the transportation of crude oil and petroleum products. The company is headquartered in New York City, New York and currently employs 764 full-time employees. The company went IPO on 2016-11-16. The firm's oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The firm's segments are International Crude Tankers and International Product Carriers. Its 42-vessel fleet includes 13 Very Large Crude Carrier (VLCCs), two Suezmaxes, six Aframaxes/ long range (LR)2s, 12 Panamaxes/LR1s and seven medium range (MR) tankers. Its International Crude Tankers segment is made up of a ULCC and a fleet of VLCCs, Aframaxes, and Panamaxes. Its International Product Carriers segment consists of a fleet of MRs, LR1s and an LR2 engaged in the transportation of crude and refined petroleum products. Through joint venture partnerships (the JVs), it has ownership interests in two floating storage and offloading service vessels.
Ride The Recovery In Shipping (Video) Tue, 13 Apr 2021 10:00:00 -0400 - In early January, I posted a report calling for 2021 to be "the year for shipping." Despite a phenomenal year of earnings and free cash flow, most shipping stocks struggled during 2020 due to incorrect market perceptions.
SHAREHOLDER ALERT: WeissLaw LLP Investigates Diamond S Shipping Inc. Wed, 31 Mar 2021 17:49:00 -0400 - NEW YORK, March 31, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Diamond S Shipping Inc. ("Diamond S") (NYSE: DSSI) in connection with the proposed acquisition of the Company by International Seaways, Inc. ("INSW" or the "Company") (NYSE: INSW). Under the terms of the merger agreement, Diamond S shareholders will receive 0.55375 shares of INSW common stock for each share of Diamond S common stock that they hold, representing implied per share merger consideration of $10.17 based upon INSW's March 30, 2021 closing price of $18.37.
International Seaways and Diamond S Shipping Announce Merger Wed, 31 Mar 2021 06:00:00 -0400 - NEW YORK & GREENWICH, Conn.--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”) and Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”), two of the leading tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, announced today that their Boards of Directors have unanimously approved a definitive merger agreement pursuant to which INSW will merge with Diamond S in a stock-for-stock tr
Recap: International Seaways Q4 Earnings Fri, 12 Mar 2021 07:19:54 -0500 - Shares of International Seaways (NYSE:INSW) decreased 0.3% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 139.39% over the past year to ($0.52), which missed the estimate of ($0.19).
International Seaways Reports Fourth Quarter and Full Year 2020 Results Fri, 12 Mar 2021 06:50:00 -0500 - NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today reported results for the fourth quarter and full year 2020. Highlights Net loss for the twelve months ended December 31, 2020 was $5.5 million, or $0.20 per diluted share. Net loss for 2020 reflects the impact of impairments and loss on sale o